CP Rail reports record third-quarter revenue

Results follow record second quarter that included strong operating metrics including train speed and terminal dwell

CP Rail reports record third-quarter revenueCanadian Pacific Railway Ltd. had record third-quarter revenues of $1.98 billion, up by four per cent from a year ago. The company also reported diluted earnings per share (EPS) of $4.46, or $4.61 on an adjusted diluted EPS basis. The company also said it achieved a record-low quarterly operating ratio of 56.1 per cent. “After…

Husky Energy selling its Prince George Refinery for $215 million

Plant processes light oil into low-sulphur gasoline and ultra-low sulphur diesel, along with other products

Husky Energy selling its Prince George Refinery for $215 millionHusky Energy is selling its Prince George Refinery to Tidewater Midstream and Infrastructure for $215 million in cash, plus a closing adjustment for inventory and a contingent payment of up to $60 million over two years. The company said in a news release on Friday that the transaction is expected to close in the fourth…

Hatch Ltd., Upside Engineering Ltd. merge in the oil and gas sector

Brings together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada

Hatch Ltd., Upside Engineering Ltd. merge in the oil and gas sectorTwo significant players in Alberta's oil and gas market have merged. In a news release on Wednesday, Hatch Ltd. announced that Upside Engineering Ltd. has joined Hatch, bringing together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada with a well-established local engineering firm that specializes in midstream…

Calgary-based Parkland Fuel buying U.S.-based Tropic Oil

Tropic transports, distributes and markets a full range of fuels and lubricants across the central and south Florida region

Calgary-based Parkland Fuel buying U.S.-based Tropic OilCalgary-based Parkland Fuel Corp. announced on Friday it’s acquiring all of the issued and outstanding equity interests of U.S.-based Tropic Oil Co. Inc., as well as equity interests and the assets of certain of its affiliates. Tropic Oil is headquartered in Miami, Fla., and transports, distributes and markets a full range of fuels and lubricants…

Crescent Point Energy selling some of its Sask assets

The company said its net debt is expected to improve to approximately $2.75 billion at year-end 2019

Crescent Point Energy selling some of its Sask assetsCrescent Point Energy announced Tuesday it was selling its Uinta Basin asset in its entirety and certain southeast Saskatchewan conventional assets for $912 million.  The company said its net debt is expected to improve to approximately $2.75 billion at year-end 2019, down from $4.40 billion prior to the changes in senior management in 2018.  "Since…

Is your bad behaviour risking your retirement?

Choosing investments that fit your emotional limits will help you to minimize your bad investment behaviour

Is your bad behaviour risking your retirement?There are three main reasons why investors consistently under-perform the investment indices: bad investor behaviour high investment costs, and high investment Portfolio Turnover Ratios (PTRs) Of the three reasons listed above, No. 1 (bad investor behaviour) is the biggy – accounting for over half of all lost investment returns. When it comes to our investment…

Canadian corporation operating profit up in second quarter

Canadian corporation operating profit up in second quarterCanadian corporations earned $107.1 billion in operating profit in the second quarter, up $5.3 billion or 5.2 per cent from the first quarter, but 0.4 per cent lower that the second quarter of 2018, says Statistics Canada in data it released on Friday. “In the non-financial industries, operating profit increased $1.6 billion (+2.2 per cent)…

Pembina buying Kinder Morgan Canada for $4.35 billion

Pembina buying Kinder Morgan Canada for $4.35 billionPembina Pipeline Corp. is buying Kinder Morgan Canada and the Cochin Pipeline for $4.35 billion, it was announced on Wednesday. Pembina said the transaction values Kinder Morgan Canada at approximately $2.3 billion, or $15.02 per share, and Cochin U.S. at approximately $2.05 billion. Pembina will acquire assets including the Cochin Pipeline system, the Edmonton storage…